Dean Donohue (CRD #: 1971782), a Louisville, Kentucky broker registered with Ameriprise Financial Services, is involved in a six-figure investor dispute, according to his BrokerCheck record, accessed on January 27, 2021. There is another disclosure on his record, and investors interested in Donohue’s conduct as a broker should keep reading.
On December 3, 2020, an investor alleged that Dean Donohue recommended unsuitable, high-commission, and illiquid investments. The investor is seeking $100,000; the dispute is pending.
On June 20, 2003, an investor alleged that Dean Donohue did not provide accurate information about the death benefits of two annuities. Annuities are inherently complex investments and often lead to confusion for investors. The investor sought $85,000; the dispute settled for $21,452.
Dean Donohue has passed the Series 63 Uniform Securities Agent State Law Examination, the Securities Industry Essentials Examination, the Series 7 General Securities Representative Examination, the Series 22 Direct Participation Programs Representative Examination, and the Series 6 Investment Company Products/ Variable Contracts Representative Examination. He is a registered broker in 37 states and a registered investment adviser in Texas and Kentucky.
In the course of his 31-year career, Donohue has worked at one other firm besides Ameriprise Financial Services: IDS Life Insurance Company (CRD #: 6321).
If Dean Donohue was your broker and you have questions about your investments, don’t hesitate to contact the securities attorneys of Fitapelli Kurta. Call (877) 238-4175 or email firstname.lastname@example.org for a free case consultation with a securities attorney.